Jumbo marine loans for Fort Lauderdale yachts

A jumbo marine loan on a Fort Lauderdale yacht is underwritten as an asset and as a berth. Lenders who advertise “up to 80 percent” still want a survey they chose, a captain they can call, and a slip that is not a handshake. The vessel’s age, engine hours, and whether the program is owner-operated or crewed matter more than the listing photography. We introduce lenders who already hold paper on this water, because a credit committee that has never seen a New River bridge will price the collateral as if it were a lake boat. Rate is the last conversation; advance rate and covenants are the first.